With more traders than ever looking to automate their strategies, we review how users leveraged Quadency's growing bot library in August. As we mentioned in our previous Top Strategies article, we see these insights through the lens of our global user base trading across several exchanges.
So today we'll break down the TOP 3 automated strategies used by Quadency traders in August:
- Grid Trader for volatility surfers
- Portfolio Rebalancer for risk managers
- Bollinger Bands for historical analysts
The Grid Trader remains one of the most popular strategies since its launch in April. A bull run with increased volatility made it even more appealing with our recent update allowing 60 grid lines to absorb bigger price moves. As seen below, traders who started their Grid Trader with 60 lines with a 0.1% distance were able to catch all the BTC/USDT price moves from the 5th to the 17th.
The Rebalancer is the latest automated strategy available on Quadency, quickly climbing the ladder within weeks of release. Common in traditional finance, traders use this algo to reduce investment risk, while profiting from larger price movements. For example, traders may take their Defi tokens that are experiencing upswings, and use the hourly rebalance feature to reinvest profits into more stable assets.
Bolling Bands have always been one of the most popular indicators used by traders to identify “overbought” or “oversold” conditions. Once again, it proved its efficiency to predict price moves as mentioned in August by its developer, John Bollinger:
Squeeze, confirmed break out, walk up the upper band, consol, support at middle band, mini-Squeeze, break to new highs. How much more could one ask for?!— John Bollinger (@bbands) August 17, 2020
While this brief overview was based on the Top 3, honorable mentions once again go to Market Maker Plus and TradingView, which trailed closely behind.
As we release new strategies, we'll also be releasing associated trends and insights each month, so keep on the lookout!
Disclaimer: contents of this article are for general market education and commentary and are not intended to serve as financial, investment, or any other type of advice.